This article ranks the 64 Dividend Aristocrats using DVK Quality Snapshots. Devised by SA author David Van Knapp [DVK], the system employs five quality indicators and assigns 0-5 points to each quality indicator, for a maximum of 25 points. To rank stocks, I sort them by quality score and break ties by considering up to three factors, in turn.
The article presents quality indicators, key metrics, and fair value estimates.
To qualify, a stock must be a member of the S&P 500, must have increased its dividend payouts for a minimum of 25 consecutive years, and must have a minimum market capitalization of $3 billion. There are other eligibility and diversification criteria.
If a stock is deleted from the S&P 500 index or if its dividend is cut, the stock is automatically dropped from the list of Dividend Aristocrats as well.
Recently, the S&P Dow Jones Indices announced the annual rebalancing of the Dividend Aristocrats, adding seven stocks to the index. Please read this article at Seeking Alpha for an updated ranking of the Dividend Aristocrats.
Please read this article at Seeking Alpha.
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